基金经理“晒”实盘，真金白银与投资者共进退

Core Insights - The recent trend of fund managers sharing real-time trading results has gained significant attention, particularly with Tianhong Fund's pharmaceutical theme manager Guo Xiangbo leading the way [1][2] - Guo's real-time trading updates have shown impressive returns, with his holdings in Tianhong Pharmaceutical Innovation Mixed Fund A and C classes yielding returns of 23.29% and 34.54% respectively as of August 11, 2025 [2][5] - Guo's approach combines macro policy analysis with industry fundamentals, helping investors build a systematic understanding of the pharmaceutical sector [3][4] Investment Strategy - Guo's investment philosophy is rooted in a deep understanding of the cyclical nature of the pharmaceutical industry, which has faced unprecedented challenges from 2023 to mid-2024 [5] - Despite market volatility, Guo maintained a calm demeanor, emphasizing the need for contrarian thinking in times of pessimism, which often presents the greatest opportunities [5] - As of August 11, 2025, Tianhong Pharmaceutical Innovation A Fund achieved a remarkable increase of 40.91% year-to-date, marking a significant turnaround for the sector [5] Educational Content - Guo's real-time updates are not merely promotional but include valuable educational content, such as policy interpretations and analyses of innovative drug companies' R&D pipelines [3][4] - Investors have responded positively to this new model of engagement, finding Guo's updates reassuring during challenging market conditions [4] Broader Industry Trends - The phenomenon of fund managers sharing real-time trading results is not unique to Guo, as other managers like Jiang Xiaoli and Sha Chuan are also exploring similar strategies in different asset classes [6][7] - The industry is expected to see more fund managers adopting this practice, enhancing transparency and fostering trust between managers and investors [8]